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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: M. Walton who wrote (14410)	11/5/1999 11:19:00 AM
From: Rande Is	Respond to of 57584

Thanks for your candid views. . . . his has provided me with a new and somewhat precarious situation, however. For the first time, I am making money and I am finding it very difficult to: a) separate myself from a stock that is doing well; b) identify a opportunity/time to get out. LOL! Welcome to the club. Knowing when to sell is perhaps the most critical part of the trade. . . I have a book scheduled that deals with this subject in depth. Profitoften. . . .means as you thought. . . .don't let all your money ride on your winners. . . take some off the table when peaks are reached and buy back your position at a lower price on the dips. . . keeping your original long position intact. . . likewise, when it appears there will be serious downward pressure. . .short-sell the same amount as in your long position, to lock-in your profits, regardless of the direction the stock moves. . . Picking the stock is the easy part. Profiting from it is the real challenge. Rande Is